LMAO - Second backtest. If 22 goes it ramps to 27. if 15 goes then to 12 then to hell.
LOL - backtest the blue wedge. I guess that is a really solid line.
Algo bot trading? Coincidence or just normal trading?
Nice range. LOL. 1:20 minutes to either liftoff or KABOOM.
I like MO short soon or near here. It could pop up a bit more to new highs to set a nice divergence. If market gets momo south, 20.50 lower channel support should be good if not the 38% retracement. The channel resistance is up near 22.80. 21.50 is the previous high from 2007 which might act as support if it should fall. They have been buying up that 6.3% dividend. (market is only place left for yield). Wait, just wait, there will be a new tobacco tax one day sooner than later. Just keep an eye on this one. Just keep this one on your daily tracker.
SPX - Kind of a dual support thingy - if that cracks this thing could blow to 1090 easily. Remember all the support at 97.
EUR - Crushed
Minis down a smidge at midnight. FOMC at 2:15 will make today very interesting. All the charts but the weeklys are very toppy and the RUT is lagging the pack by a mile.More in the morning.
Minis 15m riding the wedge out with weakening indicators. I don't trust any indicators or charts today (unless the FOMC disappoints which either way they will cause they suck - but the markets don't care what we think).
